WorldPosted at: Nov 6 2026 6:43PM


Saudi Arabia denies report of Houthis demanding $51 bn to end hostilities

Riyadh, Nov 6 (UNI) Saudi Arabia has rejected a report by The Wall Street Journal (WSJ) claiming that Yemen's Houthi movement demanded $51 billion in compensation and formal recognition as the country's ruling authority in exchange for a negotiated halt to hostilities.
The newspaper reported on Thursday, citing unnamed sources familiar with the discussions, that Riyadh had approached the Iran-backed group to explore the terms for ending the conflict, including renewed border hostilities, Red Sea shipping attacks, and missile threats.
According to the leaked brief, the Houthis responded with a list of steep demands: The Houthis allegedly sought $51 billion in compensation, as well as official recognition as Yemen's governing authority.
However, Saudi Deputy Minister for Public Diplomacy Ambassador Rayed Krimly categorically rejected the report, describing the claims as fabricated.
"I categorically deny the claims published by The Wall Street Journal regarding demands made by this militia. All of this is pure fabrication by the writers or their alleged sources," he said in a post on X.
Krimly accused the Houthis of turning against Yemen's internationally recognised government, contributing to famine and drawing the country into conflicts that did not serve its interests.
He also accused the group of attacking commercial shipping in the Red Sea, targeting civilian and economic infrastructure, and rejecting peace initiatives.
"We also remind the writers that Yemen has a recognised government," he added.
The WSJ report and Riyadh's denial come amid renewed hostilities between Saudi Arabia and the Houthi militants, amid the wider conflict in West Asia.
The regional war began on February 28, when the US and Israel launched attacks on Iran, prompting Tehran to retaliate with strikes across the region.
Hostilities in Yemen had also intensified in July, when the Houthis allowed an Iranian aircraft to land in the country in defiance of Saudi Arabia's control over Yemeni airspace.
The internationally recognised Yemeni government, backed by the Saudi-led coalition, responded by striking Sanaa airport (which is under Houthi control), triggering further exchanges that undermined the 2022 truce in Yemen's long-running civil war.
Since then, the Houthis have declared a maritime blockade targeting Saudi Arabia and launched attacks on its territory and oil tankers in the Red Sea.
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